Monster Beverage Faces Mixed Analyst Ratings as It Initiates $500M Buyback
Brokers’ average 12-month price objective for Monster Beverage is $50.3250. Stifel raised its target to $52.50 with a buy rating, UBS lifted to $52.50 but kept a neutral stance, and RBC reaffirmed outperform at $48.50; Weiss downgraded to buy (b-). The board initiated a $500 million share buyback, with the stock traded at an average $45.45. California State Teachers Retirement System and State Street increased holdings.